Question: 1. What is planned buying? 2. Distinguish between needs and wants, and explain why it may be better to act as if no needs exist.

1. What is planned buying?
2. Distinguish between needs and wants, and explain why it may be better to act as if no needs exist.
3. Describe the types of information you need to be your own expert when making big-ticket purchases.
4. Summarize the process to determine whether you can afford a particular purchase.

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